Personally, I believe that a better AMD "Under $200" choice than the 4200 would be an Opteron 170. Opterons have the larger L2 cache, they are designed to be run under heavy load 24/7, and are usually the best of the best picks from the manufacturing floor.
On my 1st Attempt I got my Opteron 170 (Stock 2.0GHz) up to 2.5GHz, with both cores stable (Both passed Prime95 24 hours) and a max temp of 48C. (And that is with the stock cooler!)
The other important thing to mention regarding overclocking is RAM. If you do not have quality RAM, you are not going to get very far, unless you want to juggle with dropping the RAM speed while kicking up the CPU. (Which is a massive headache.)